Running a small business – a few tips to make your life easier
When you have only just started your own business, you will need a lot to learn, not only about what you are going to do, but about all the small details of running your own business. There is no one who you can count on making the right decisions but you. The tips below may be more than useful for all small business owners and make it more probable to bloom instead of going bankrupt (a sad end of 80% of small companies).
First of all, remember about the profit margin. All too often we forget about making money, fascinated by all the possibilities of running one’s own business. It is very easy to thwart otherwise successful business by taking too many loans, hiring too expensive lawyer or account office and generally spending too much money on less important matters. Remember: every business is about making money. Try to reduce your costs as much as possible and you will succeed. Buy an expensive car only to feel like a “real” businessman and you will never become one.
Hiring friends and relatives
The most delicate and potentially harmful matter...